If you have searched for online loans to support your small business, you have probably come across a “factoring loan.” It is a bit of a misnomer, since factoring is not a loan. Factoring, short for invoice factoring, is a funding method that pays your business…
In this episode of #TheMoneyFactor, CEO Ian Varley has on guest Steve Nevin to discuss managing small business cash flow and how PPP Loans affect cash flow management. Below is a transcript of the video: Welcome to The Money Factor. Today we’re going to be talking…
In an ideal world, you would collect payment for your goods or services immediately from your customer. Granting credit to your customer means you must wait before you have cash in your hand that you can use to make more sales. It also means that you…
Trucking companies have to stay extremely organized to keep their drivers busy and ensure everything gets delivered on time. Following the right billing procedures is vital in order to get paid on time. When you follow these best trucking invoicing practices below, you can improve your…
More women are becoming entrepreneurs. According to the Census Bureau’s Annual Business Survey, there is an increase in the amount of women starting their own businesses. Notably, there are over 12 million women-owned businesses in America. This is promising news, however there is still a large…
If you have customers looking for you to grant credit terms, they’re going to typically want 30 days or more to pay. That can be a big drain on your cash flow if you have to wait for them to pay, but more importantly, you have…
Hi and welcome to The Money Factor. On today’s show we are going to be talking about flexible business funding options and whether you as a business owner are looking at the right solution for your business. Can You Get Financing After a Drop in Revenue?…
It’s important to plan ahead with small business funding. In a perfect world, you would have a flexible funding option that grows in line with your business growth. If you secure a large order and need more cash on hand to fulfill it, you may scramble…
Cybersecurity needs to remain a priority for small business owners. There are so many areas of your business that you are juggling and managing right now, but the unfortunate truth is that there are cyber threats targeting small businesses right now. The business world has shifted…
This is Part 1 of a Business Essentials Series: Part 2 If you are a business selling to other businesses on credit terms, you will be issuing invoices. At minimum, a business invoice details: what you are selling, how much you are selling it for, when you…